The Reserve Bank of India has been touchy and conservative on M&As, but an attitudinal change to regulations is the need of the hour.
With Raghuram Rajan backing them with changes to rules, banks believe that it could well be a springboard to remain relevant when the economy swings up.
Jaideep Khanna, the 49-year-old country head of British bank Barclays, is on a mission to raise funds for the organisation, and at the same time quench his thirst for some adventure and stay fit.
With Yashwant Sinha & Jaswant out of the race, if Modi were to borrow a leaf out of Narasimha Rao’s book, then Rajan may be fixing fiscal mess.
The only difference will be that you can submit an application at any time of the year and have it rejected instead of waiting for a decade.
"Public sector banks must develop the competence to compete against private banks."
Some bankers call a 'novel way of evergreening' stressed accounts, help companies avoid default on their obligations and make banks avoid providing for them as NPA.
Soon after granting licence to IDFC and Bandhan, RBI's Rajan said the industry is on the cusp of a transformation in the form of differentiated and ‘on-tap’ banking licences.
Gandhi might have progressed well in life, but going by the so-called social standards, he may not be considered that progressive because it was on his father’s order that he took up central banking.
Banks are seen to be discriminatory between retail and big corporate clients who often armtwist lenders to charge them lower because of their sheer size and have no penalty clause.
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